STR: U.K. weekly hotel performance update
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 15-21 June, is linked below.
- Occupancy, ADR and RevPAR remained static, with movement not expected until restrictions ease further.
- Midscale & Economy class hotels saw the highest occupancy level, while Luxury class hotels saw the lowest - sitting at just 5% since the beginning of April.
- According to STR's Consumer Travel Insights survey, travelers across English-speaking markets, age 16-34, saw the largest decrease in likelihood to travel after 11 March (-26%).
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.